The EUR/USD pair closed the day marginally higher, a couple of pips below the 1.0800 threshold, but managed to extend its gains up to a fresh 2017 high of 1.0828 intraday. The American dollar traded softly against all of its major rivals, undermined by FOMC’s monetary policy statement that failed to provide any signal on upcoming rate hikes, but European currencies were unable to take as much advantage as commodity-related ones. The common currency found support in local data, as in the EU, producer price inflation surged in December by 0.7% when compared to November, and up to 1.6% YoY from previous 0.1%, the fastest pace in nearly four years, driven by soaring energy costs, according to Eurostat.

In the US, weekly unemployment claims fell down to 246K for the week ending January 27, whilst Nonfarm Productivity rose in the last quarter of 2016 to 1.3%, above market’s forecast but below a previous upwardly revised 3.5%. Finally, the US unit labor cost, also for the last quarter of 2016, rose by less than expected, up to 1.7% from a previously revised 0.2%. If it weren’t because of Trump-related uncertainty, such data, ahead of the NFP release, would have been enough to support the case of a faster rate hike pace coming from the FED, and therefore a stronger greenback. The Nonfarm Payroll report, to be released this Friday, will probably have a similar effect over the greenback, with any positive figure overshadowed by uncertainty about Trump’s policies.

Technically, the EUR/USD pulled back from a major resistance area, as the 1.0800/40 region has probed strong back in 2015 and 2016, when it acted as a major static support. The area is a tough bone to break, but once cleared, the pair may extend its rally up to the 1.1000 region. Technically, the 4 hours chart shows that the price remains above a bullish 20 SMA, now providing support around 1.0770, whilst technical indicators retreat within positive territory alongside with price, not enough to support further slides ahead. Much of the upcoming direction will depend on the result of the NFP report, with a positive figure probably helping the pair to correct down to 1.0710.

Support levels: 1.0770 1.0710 1.0650

Resistance levels: 1.0840 1.0885 1.0930

Automated Foreign Exchange Trading

USD/JPY

The Japanese Yen advanced against its American counterpart this Thursday, helped by the weak tone of worldwide equities and falling US Treasury yields. The 10-year benchmark stands at 2.46%, pulling back from pre-FOMC highs of 2.51%. There were no relevant releases coming from Japan, and for this Friday, the country will release the Minutes of the BOJ latest meeting, hardly a market mover. Attention then, will likely turn towards the US Nonfarm Payroll report to be released ahead of Wall Street’s opening. The US economy is expected to have added 175K new jobs during December, while the unemployment rate is expected to have remained unchanged at 4.7%. Wages are seen rising at a softer pace than during November, when they jumped well beyond 2016 average. The Japanese yen is quite sensitive to dollar’s news, and as larger the deviation between expectations and the outcome, the larger the pair’s move in either direction. The technical stance for the USD/JPY pair is bearish given that it settled below the 113.00 level, and in the 4 hours chart, the price remains well below a bearish 100 SMA. Technical indicators in the mentioned chart are recovering within bearish territory, but below previous highs, indicating that it’s still at risk of breaking lower. The pair has bounced twice already from the 112.00 region, but renewed selling interest around the level will likely result in a bearish breakout, with scope then to test the 111.20 region, where the pair has its 100 SMA.

Support levels: 112.00 111.60 111.20

Resistance levels: 113.00 113.45 113.90

Automated Foreign Exchange Trading

GBP/USD

BOE’s Super Thursday was a major disappointment for Pound’s bulls, as the Central Bank seemed little concerned about rising inflation, attributing it to external factors and a weaker GBP. As widely expected, the Bank of England left rates and the APP unchanged by an unanimous decision, whilst Governor Carney reiterated that “monetary policy can respond, in either direction, to changes to the economic outlook as they unfold”. The Central Bank reviewed its growth forecast from 1.4% to 2% for this 2017, but maintained its inflation perspectives unchanged. Carney also repeated that “there are limits to the extent that above target inflation can be tolerated,” but policy makers are in no rush to raise rates to deal with higher inflation. The GBP/USD pair plunged to 1.2525 in the US afternoon, from where the pair bounced modestly after shedding roughly 200 pips from its daily high. From a technical point of view, however, the decline seems corrective, and further slides unlikely, given that the pair bounced from the 23.6% retracement of the 1.1986/1.2705 rally at 1.2530. In the 4 hours chart, the pair is standing a few pips below a directionless 20 SMA, whilst the Momentum indicator bounced from near its mid-line, and the RSI pared losses and turned higher, now around 46. A recovery above 1.2600 is now required to confirm additional gains for this Friday.

Support levels: 1.2520 1.2470 1.2430

Resistance levels: 1.2600 1.2645 1.2690

Automated Foreign Exchange Trading

AUD/USD

The AUD/USD pair surged to a fresh 3-month high, printing 0.7695 before pulling back some to settle around 0.7670. The Aussie got a boost from a record trade surplus in Australia, due to a sharp rebound in commodities’ exports. The December trade surplus was of $3.5 billion, up from $2.0 billion in November, driven by a 5.0% increase in exports, while imports rose by 1.0%. Fresh 2017 highs in gold prices also backed the AUD, although the commodity pulled back ahead of the US close. After trading within a tight 100 pips range for most of the last two weeks, the pair has finally broken higher, and despite short term technical readings suggest an upcoming downward correction, the pair has entered bullish territory, with scope to extend its gains at least up to the 0.7830 price zone, 2016 high. In the 4 hours chart, the price is well above a bullish 20 SMA, whilst technical indicators are modestly retreating from overbought readings, rather reflecting the latest pullback than supporting some further declines. The pair has an immediate support around 0.7650, but can correct down to 0.7600 without actually affecting the positive bias.

Support levels: 0.7650 0.7600 0.7560

Resistance levels: 0.7695 0.7735 0.7770

Automated Foreign Exchange Trading

GBP/CAD

Pound’s weakness dragged the GBP/CAD cross sharply lower, after the BOE’s monetary policy meeting ended up being dovish, despite an optimistic outlook on upcoming growth. Carney & Co. makers seemed little concerned over rising inflation as policymakers expects it to surge close to 3% during this year and the next, but to ease down to 2.4% in 2019. The unchanged wording of the BOE’s statement was understood by speculative interest that the Central Bank is in to rush to hike rates, even if inflation overshoots. The cross fell down to 1.6268 and settled a couple of pips below 1.6320 a major Fibonacci support, and biased lower according to intraday technical readings. In the 4 hours chart, the price accelerated lower after breaking below its 20 SMA that converges with a horizontal 200 EMA at 1.6410, whilst the Momentum indicator head south below its 100 level and the RSI indicator consolidates around 36. The weekly low was set at 1.6262, and slides below it will probably result in a steeper decline during the upcoming sessions.

Support levels: 1.6260 1.6100 1.6045

Resistance levels: 1.6360 1.6410 1.6480

Automated Foreign Exchange Trading

Dow Jones

US major indexes closed pretty much flat, with the DJIA down 6 points at 19,884.91, and the S&P also down by 6 points at 5,636.20. The S&P gained 1 point or 0.06% to settle at 2,280.85. Earnings reports released right after the close were disappointing, with GoPro missing on sales, down 11% after hours, and Amazon plunging also due to missing sales and despite Q4 earnings per share beat estimates. Ongoing uncertainty and upcoming US Nonfarm Payroll report kept investors side-lined this Thursday, ahead of clearer clues about the US economic future. The DJIA daily chart shows that the index is in a consolidative phase, despite off its record highs around 20,150, still hovering around a horizontal 20 DMA, but far above a bullish 100 SMA, and with technical indicators within neutral territory. In the 4 hours chart, the index is a few points above a bearish 20 SMA but hovering around flat 100 and 200 SMAs, both together around 19,890, while the Momentum indicator heads north within positive territory and the RSI hovers around 48, this last limiting changes of a steeper recovery.

Support levels: 19,844 19,806 19,745

Resistance levels: 19,929 19,975 20,036

Automated Foreign Exchange Trading

FTSE

The FTSE 100 gained 33 points to close the day at 7,140.75, underpinned by an advance in the mining sector and a weaker Pound, which plummeted after the BOE disappointed speculative interest waiting for an upcoming rate hike on soaring inflation. Hikma Pharmaceuticals top gainer’s list, up by 3.82, followed by consumer health and hygiene products firm Reckitt Benckiser Group which added 4.48%, benefiting from a cheaper Sterling. Capita on the other hand was the worst performer, down by 2.72%. The daily chart for the index shows that it holds below the 20 DMA, whilst technical indicators have lost their bearish strength, but remain within negative territory, indicating that the daily recovery is not enough to revert the soft tone seen since early January. In the 4 hours chart, a modestly bullish tone surged ahead of the close, as the benchmark is above a horizontal 20 SMA, whilst technical indicators head higher within positive territory.

Support levels: 7,104 7,057 7,011

Resistance levels: 7,183 7,241 7,297

Automated Foreign Exchange Trading

Gold

Gold rallied on the back of persistent dollar’s weakness, but trimmed half of its daily gains ahead of the close, with spot settling around $1,215.85 a troy ounce. The commodity traded as high as 1225.23 this Thursday, underpinned by the negative tone of worldwide stocks, following a clueless FOMC meeting. Adding to the safe-haven upward momentum these days, are US President Trump contentious´ relationships with countries such as Mexico, Japan and now, Australia. From a technical point of view, spot has advanced above its 100 DMA for the first time since past September, while the 20 DMA is nearing the 100 DMA with a sharp bullish slope, supporting some further gains ahead. In the same chart, the RSI indicator resumed its advance, now around 62, a fresh weekly high. In the 4 hours chart, technical indicators have retreated from overbought readings, maintaining bearish slopes, but within positive territory, whilst the price is above a bullish 20 SMA, indicating that the commodity may correct lower before resuming its advance.

Support levels: 1,211.56 1,204.50 1,196.10

Resistance levels: 1,225.23 1,231.10 1,241.35

Automated Foreign Exchange Trading

The Wellness Clarinet LTD is now sourcing below market value properties to purchase in lease options deals as a means of cash flow generation, security, to beautify the environment and to establish valuable joint venture relationships with private investors for mutual growth.
We are a Music, Lifestyle and Trading firm, creating strategies for people desiring change, the millennial generation, the music industry, and the newly divorced, in personal and financial growth through trading the stock market.

This property investment model increases net worth and the net worth of private investors. For the moment this model not part of our value proposition on offer to clients. Our aim is to invest in properties creating a prototype of financial freedom. To beautify the environment through reburbishment and generate positive cash flow for ourselves and joint venture partners.

Below market value property opportunities are everywhere, and there are certain criteria in which a property owner may wish to let go of their property below market value. Such as a quick sale, being in risk of repossession or as a solution to being in debt.

The property value is £100,000 buy 25% below market value at £75,000. The deposit of £18,750 is put up by the private investor. So the mortgage on the property would be £56,250.

Let’s assume the property is re-mortgaged after 6 months at its full value of £100,000 and not reburbished. The deposit can be returned to the private investor, plus the monthly agreed interest. And there will be £25,000 in equity left in the property. Plus rental revenues if so desired.

1. Split of profit. When the property is sold or remortgaged you the private investor can have a percentage stake in the property, and or ongoing profit. We can own the property together, use a ‘Deed of Trust’. Or you the investor can host the mortgage, for security if necessary.
2. The private investor lends the money to us directly. We pay the agreed interest per money until the money is paid back. Normally 1% to 3% for short term finance. 0.75% to 1.5% for more than 6 months. The security is in the property so any such concern is alleviated.
3. You the private investor receives a percentage of property revenues over 5 years.